https://www.taxtmi.com/caselaws?id=301916 Disallowance under section 14A was considered not to govern computation of book profits under section 115JB, because the Tribunal applied the Special Bench ruling in Vireet Investment Pvt. Ltd. to treat section 115JB as an independent mechanism for determining book profit. On that basis, the Tribunal held that the Revenue's objection did not show any error in the earlier order that had granted relief to the assessee, and the rectification request was rejected. en-us Wed, 22 Jan 2020 00:00:00 +0530 Tue, 26 Apr 2022 20:32:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301916 Disallowance under section 14A was considered not to govern computation of book profits under section 115JB, because the Tribunal applied the Special Bench ruling in Vireet Investment Pvt. Ltd. to treat section 115JB as an independent mechanism for determining book profit. On that basis, the Tribunal held that the Revenue's objection did not show any error in the earlier order that had granted relief to the assessee, and the rectification request was rejected. Case-Laws Income Tax Wed, 22 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301916